More Articles real estate

comment

FAIRFIELD, Conn. – Fairfield has been awarded a $20,000 grant from the state Department of Housing to help assess potential incentive housing zone locations, design standards for consideration and draft regulations, Gov. Dannel Malloy announced.

Fairfield was one of 10 towns in Connecticut to receive an incentive housing zone grant, along with Brookfield, Burlington, Canton, Durham, Ridgefield, Haddam, Milford, North Stonington, Ridgefield and Stonington.

“Our state’s ability to attract young workers, families and businesses that provide jobs and increased revenue is dependent on the availability of various types of housing opportunities,” Malloy said in a press release.

The state Department of Housing will award a total of $197,800 in funding through the Housing for Economic Growth Program, known as HomeCt. Incentive housing zones allow for residential or mixed-use developments that set aside a minimum of 20 percent of the units for households earning 80 percent or less of the area median income for a minimum of 30 years.

“I am encouraged by the level of interest by municipalities that want to create mixed-use and mixed-income housing for their residents,” Evonne M. Klein, commissioner of the state Department of Housing, said in a statement. “This predevelopment financing is an important first step toward creating much-needed workforce housing in their communities.”